Canada Jetlines Operations Ltd
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Brigitte Goersch
- Full Time Employees
- 130
- Sector
- Industrials
- Industry
- Airlines, Airports & Air Services
- Address
- 1055 West Georgia Street Mississauga BC Canada V6E 3P3
- IPO Date
- Oct 21, 2022
- Website
- jetlines.ca
- Similar Companies
- Business
- Canada Jetlines Operations Ltd (NEO: CJET; OTC: CAJTF) operates as a leisure-focused Canadian airline carrier, providing scheduled passenger flights, charter services, aircraft wet leasing (including aircraft, crew, maintenance, and insurance or ACMI), and vacation packages to sun destinations; core offerings encompass point-to-point jet services on Airbus A320-200 aircraft configured for 174 passengers, targeting leisure travelers with routes primarily from Toronto Pearson International Airport base to destinations in Canada, the United States (such as Las Vegas, Orlando, and Miami), Mexico (Cancun), Jamaica (Montego Bay), Guyana (Georgetown), and the Caribbean. Founded in 2013 through a 2017 merger with Jet Metal Corp that enabled public listing, the company maintains headquarters in Mississauga, Ontario, and historically pursued ultra-low-cost carrier operations across the Americas following receipt of a 2016 regulatory exemption for up to 49% foreign ownership to facilitate capital access. In recent major developments, Canada Jetlines paused all flight operations on August 15, 2024, amid leadership changes including the June 2024 departure of CEO Eddy Doyle and the August 12 resignation of four board directors led by chair and CEO Brigitte Goersch, before filing for creditor protection and being declared bankrupt on September 11, 2024; prior shifts included halting domestic flights in January 2023 to prioritize international leisure routes and leasing, a March 2024 strategic wet lease agreement with a European carrier for one A320 commencing late April, and a March 2024 delivery of an A320-200 from Aviation Capital Group, culminating in a fleet of four aircraft at cessation.
Canada Jetlines Makes Voluntary Assignment into Bankruptcy Under the Bankruptcy and Insolvency Act (Canada)
Canada Jetlines Files Notice of Intention Under the Bankruptcy and Insolvency Act (Canada)
Canada Jetlines grounds fleet, files for bankruptcy as financial troubles escalate
Canada Jetlines Provides Corporate Update
Canada Jetlines Provides Corporate Update
Canada Jetlines Announces 2024 Annual General Meeting Voting Results
Canada Jetlines Announces Loan
Canada Jetlines Provides Management Update
Canada Jetlines Announces Q1 2024 Financial Results
Canada Jetlines to Announce Q1 2024 Earnings Results
Canada Jetlines Provides Management Update
Canada Jetlines Announces Q4 and Full Year 2023 Financial Results
Canada Jetlines (Cboe CA: CJET) Enters ACMI Lease Agreement with Air Arabia Moroc
Canada Jetlines (Cboe CA:CJET) to Announce Q4 and Full Year 2023 Earnings Results
Aviation Capital Group Announces Delivery of One A320-200 to Canada Jetlines
Canada Jetlines (Cboe CA:CJET) Expands Fleet with A320-200 Lease from Aviation Capital Group
Canada Jetlines (Cboe CA:CJET) Forges Partnership with European Carrier
Canada Jetlines (Cboe CA: CJET) Expands Reach with New Routes to/from Halifax, Nova Scotia
Canada Jetlines Provides Board Update
Canada Jetlines (CBOE CA: CJET) Announces Closing of Third and Final Tranche of $13.5 Million Equity Financing